The OnRe Market continues expanding as a source of real-world yield across onchain stablecoin strategies.
Through USDC Earn Vaults on @kamino, depositors gain exposure to uncorrelated, risk-adjusted returns backed by reinsurance underwriting.
When you underwrite reinsurance, you're selling protection on low probability, high impact events.
Insurers pay you to absorb tail risk. Premiums are priced using decades of loss data, actuarial modeling, and solvency regulation.
Those premiums, combined with returns generated on the underlying collateral reserves, are what drive the yield backing ONyc.
This is what that looks like onchain ↓
The ONyc USDC Loop Vault on @Loopscale has surpassed $30M in ONyc deposits.
Demand for reinsurance-backed yield continues expanding across onchain credit markets.